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Sunday, March 24, 2019 3:07:39 PM
BioAmber is in the midst of a complex restructuring...
As we know from previous Monitor Reports, all amounts owing that are subject to the KERP charge have been paid as of December 12, 2018.
The Third Amended and Restated Initial Order subordinated the KERP charge to the interim lender and Secured Claimants...
One LOI submitted that expressed the Need for KERP indicted that Mike Hartmann along with the commercial team would be transferred to BSI or a US entity...
Paul Peterson was Head of Global Sales for BioAmber and lead the commercial team...
He has now been transferred to Visolis in the same role as he previously held at BioAmber.
Paul updated his Linkedin to show he stayed with BioAmber throughout the restructuring to ensure proper commercial transition to the new ownership!
The Kerp has been used, otherwise PWC would have zero reason to mention it in a Monitors Report to the court after the closing of the Visolis Transaction...
VISOLIS has taken over Bioambers St Paul facility and multiple key Bioamber employees have now indicted they are employed by Visolis or LCY
As we know from previous Monitor Reports, all amounts owing that are subject to the KERP charge have been paid as of December 12, 2018.
The Third Amended and Restated Initial Order subordinated the KERP charge to the interim lender and Secured Claimants...
One LOI submitted that expressed the Need for KERP indicted that Mike Hartmann along with the commercial team would be transferred to BSI or a US entity...
Paul Peterson was Head of Global Sales for BioAmber and lead the commercial team...
He has now been transferred to Visolis in the same role as he previously held at BioAmber.
Paul updated his Linkedin to show he stayed with BioAmber throughout the restructuring to ensure proper commercial transition to the new ownership!
The Kerp has been used, otherwise PWC would have zero reason to mention it in a Monitors Report to the court after the closing of the Visolis Transaction...
VISOLIS has taken over Bioambers St Paul facility and multiple key Bioamber employees have now indicted they are employed by Visolis or LCY
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